Information Package / Course Catalogue
Experimental Economics
Course Code: İKP516
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The main aim of the course is to provide an understanding of behavioral economics and economic psychology, which attempt to incorporate psychological motifs into economic models as a new and rapidly growing field of economics

Course Content

It examines evidence and theories from behavioral and experimental economics in explaining individual decisions, and introduces the method of experimental economics.

Name of Lecturer(s)
Learning Outcomes
1.It enables students to develop an understanding of behavioral and experimental economics.
2.Understands the psychological roots of decision making with examples from daily life
3.Learns the methodology of experimental applications in economics.
4.Will be able to analyze the effect of investor psychology on risk tolerance.
5.Methodological analysis of behavioral finance
Recommended or Required Reading
1.E. Angner, A Course in Behavioral Economics, 2012 N. Bardsley
2.Experimental Economic: Rethinking the Rules, 2009 J. H. Kagel and A. E. Roth
Weekly Detailed Course Contents
Week 1 - Theoretical
The field of behavioral economics
Week 2 - Theoretical
Deviations from standard economic theory: Rationality and beyond
Week 3 - Theoretical
Altruism, justice, reciprocity, and shame as behavioral motifs
Week 4 - Theoretical
Intrinsic and extrinsic motivation in determining behavior
Week 5 - Theoretical
Time inconsistent choices
Week 6 - Theoretical
Reference dependency and tendency to avoid losses
Week 7 - Theoretical
Limited rationality
Week 8 - Intermediate Exam
Mid-Term Exam
Week 9 - Theoretical
Social identities and reflections on economic behavior
Week 10 - Theoretical
Decision making under uncertainty
Week 11 - Theoretical
Behavioral game theory
Week 12 - Theoretical
Social choices and collective participation: Public domain experiments
Week 13 - Theoretical
Experimental method in economics: Experimental design
Week 14 - Theoretical
Experimental method in economics: Analysis of experimental data
Week 15 - Theoretical
Classroom Experiment Practice
Week 16 - Final Exam
Final Exam
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work42528
Midterm Examination110111
Final Examination115116
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
4
5
4
3
4
5
3
OÇ-2
5
4
3
4
4
5
3
OÇ-3
3
4
4
5
4
5
5
OÇ-4
3
5
4
3
5
4
4
OÇ-5
4
3
5
4
3
3
4
Adnan Menderes University - Information Package / Course Catalogue
2026